VANCOUVER, BRITISH COLUMBIA – April 17, 2012 – La Ronge Gold Corp. (TSX VENTURE:LAR) (the “Company”) is pleased to announce that the 2012 winter-spring drilling on its Preview SW deposit in northern Saskatchewan, Canada has further extended the deposit along strike. Step-out drilling to the northeast and southwest, in areas where there has been no previous drilling in the past, has discovered ore grade gold mineralized zones.
The new results of step-out drilling to the northeast indicate that the deposit clearly remains open to the northeast. Drill holes PR12-130 and PR12-131 were drilled 30 m away from the previous drilling. PR12-130 intersected 21.52 metres (m) of 2.87 g/t gold (Au) starting at 40.22 m, and PR12-131 intersected 19.6 m of 2.09 g/t Au starting at 62.55 m.
Drill holes PR12-127 and 128 were drilled on section 7090N, PR12-129 was drilled on section 7060N, and PR12-130 and 131 were drilled on section 7145N at the northern limit of Cameco’s historical resource. Drill holes PR12-127, 128, and 129 were drilled to infill the historical drilling in order to better define mineralization in the north-central portion of the deposit. The results from these three holes are in line with assays reported by Cameco from nearby holes.
In the previous News Release on April 2, 2012, the Company announced step-out drill hole results to the southwest where drill holes PR12-123 intersected 33.0 m of 6.41 g/t Au followed by a second zone of 19.95 m of 8.26 g/t Au. The deposit remains open in this direction.
Highlights of the results are as follows:
- Step-out drilling confirmed that the deposit clearly remains open in both directions along strike, towards southwest and northeast
- Drill hole PR12-130 intersected 21.52 m of 2.87 g/t Au starting at 40.22 m
- Drill hole PR12-131 intersected 19.60 m of 2.09 g/t Au starting at 62.55 m
A complete summary of selected mineralized intercepts from holes PR12-127 to 131 is given below:
|Drill hole Collar Details:|
|PR12-127 = Azimuth 112.0, Dip -45, Depth 273.40 m|
|PR12-128 = Azimuth 112.0, Dip -45, Depth 236.80 m|
|PR12-129 = Azimuth 112.0, Dip -45, Depth 154.50 m|
|PR12-130 = Azimuth 112.0, Dip -45, Depth 111.90 m|
|PR12-131 = Azimuth 112.0, Dip -45, Depth 178.90 m|
Mineralized intervals are based on samples that vary in width from 0.6 m to 1.5 m utilizing 0.20 g/t gold cut-off levels with a maximum internal dilution of 5.5 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths. The collars of the drill holes reported above as well as a section showing PR12-130 and 131 are found on La Ronge Gold’s website at:http://www.larongegold.ca/projects-saskatchewan-preview-sw.php.
Results from drill holes PR12-120 to 126 have been previously released on News Releases dated March 1, March 12, and April 2, 2012.
The Preview SW deposit was discovered by Cameco Corp. in the late 1980’s. Structurally controlled mesothermal lode gold is hosted in silicified zones spatially related to quartz veins in a sheared dioritic-gabbroic intrusion and is associated with sulphides. Gold mineralization also occurs as replacement textures in wall rock adjacent to these veins.
The zone of diorite-gabbro sills extends for 5200 m in a northeast-southwest direction across the property and reaches approximately 200 m in width. Several subparallel northeast-trending shear zones, totalling 150 m in width, make up the Preview SW deposit, and these zones contain swarms of narrow quartz veins that bifurcate and merge. The en-echelon 1 to 10 m-wide shear structures are persistent at depth and often merge in that direction too. The results of Cameco’s drilling indicated that gold mineralization is open in both directions along strike and down dip.
Logging and splitting of the drill core has now been completed. The remaining assays will be released once they are received and compiled. The drill program is designed to update the historical resources up to NI 43-101 standards and to expand the limits of the known mineralized zones. These historical resources are discussed in the News Releases dated October 17 and November 2, 2011.
“The Preview SW deposit continues to pleasantly surprise us as it seems that the gold mineralization extends north as well as south of the area of Cameco’s resource calculation. Our goal for the spring drill program was to confirm and infill the historical drilling in order to complete an updated mineral resource estimate. Now we can look forward to defining the limits of this deposit with a follow-up drill program(s) soon to be announced,” commented the Company’s President, Rasool Mohammad.
Analyzed samples consisting of sawn drill core were analyzed by TSL Laboratories in Saskatoon with fire assay techniques. La Ronge Gold has implemented an industry standard QA/QC program consisting of randomly inserted standards, blanks and duplicates into the sample stream to ensure assay accuracy and repeatability.
Gordon Davidson, P. Geol., the Company’s Vice President of Exploration and a Qualified Person for the purposes of National Instrument 43-101 has reviewed the technical information in this News Release.
La Ronge Gold Corp. is a gold exploration company focusing on the exploration of gold projects in Canada. The Company has acquired projects in Saskatchewan with historical resources, and is in the process of bringing those historical resources to NI 43-101 standards. The Company also holds other gold projects located in Ontario, Canada.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
La Ronge Gold Corp.
President & CEO
(604) 685-3764 (FAX)